The PNC Financial Services Group Inc. and Ally Financial Inc., two of the largest financial institutions in the United States, have announced significant changes to their legal leadership teams. On Monday, PNC named Laura Long as its new general counsel, succeeding Gregory Jordan, who is set to retire on September 25. Long previously served as PNC’s deputy general counsel specializing in mergers and acquisitions. Gregory Jordan, who joined PNC in late 2013 from Reed Smith, where he was the global managing partner, will be leaving a noteworthy legacy behind. More details can be found in the official statement released by PNC.
Meanwhile, Ally Financial has appointed Hope Mehlman, currently the legal chief at Discover Financial Services, as its new top lawyer. Mehlman’s departure from Discover comes amidst its proposed merger with Capital One Financial Corp. She brings extensive experience from her tenure at Discover, making her a significant addition to Ally’s legal team. More on Mehlman’s exit from Discover and her next steps at Ally can be read on Bloomberg Law.
These high-profile transitions underscore both institutions’ focus on reinforcing their legal maneuvering as they navigate complex regulatory landscapes and pivotal corporate developments. For an in-depth look at the full announcements, visit the original article on Bloomberg Law.